HIG Capital acquires majority stake in Metalprint
An affiliate of HIG Europe, the European arm of private equity firm HIG Capital (HIG), has completed the acquisition of a controlling stake in Metalprint, a manufacturerer of forged brass and aluminium industrial components.
Metalprint, founded in 1974 and based in Calcinato (Brescia, Italy), has expanded meaningfully, driven by the growing market demand for forged components and by management’s constant effort towards the internationalisation and the modernisation of the business. In particular, the growth in the aluminium space was accelerated in 2017 through the acquisition of Jebco Manufacturing, a leading provider of high precision machined aluminium components in North America.
Today, Metalprint generates 85 per cent of its sales outside of Italy, with a leadership position in both Europe and North America and is a trusted partner for various global leaders in the recreational vehicles, industrial valves, pressure washers and nuclear industries. In its Brescia (Italy) and Colborne (Canada) plants, Metalprint leverages state of the art production lines in terms of efficiency, automation and safety standards.
HIG acquired a controlling stake in Metalprint from the founding families Strazzari and Cerutti who reinvested with HIG in the transaction and says: “The relationship with a global fund like HIG is a recognition of the great work done by Metalprint management over the last years and represents a crucial step to further accelerate the group’s future development.”
Raffaele Legnani, Managing Director of HIG Capital in Italy, adds: “Metalprint is one of the international leaders in brass and aluminium forging. HIG is excited to support the management of the company in its ambitious growth plan and we are confident we will make a contribution to Metalprint’s internationalisation.”